If the Working Age Population_{-------------}and the Labor Force Does Not

question 9

Multiple Choice

If the working age population_{-------------}and the labor force does not change, the _{-------------}

• A)increases; labor force participation rate will increase
• B)decreases; labor force will increase
• C)increases; unemployment rate will increase
• D)increases; labor force participation rate will decrease
• E)decreases; unemployment rate will increase

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Definitions:

Direct Materials Quantity Variance

The difference between the actual quantity of direct materials used in production and the standard quantity expected to be used, multiplied by the standard cost per unit.

Materials Cost Per Yard

The expense associated with acquiring raw materials needed for manufacturing, measured per yard.

Yards Per Unit

A measurement unit indicating how many yards of material are used or produced per unit of finished goods.

Units Of Production

Units of production is a depreciation method that allocates the cost of an asset over its useful life based on the number of units it produces.